Data automation: the workflow efficiency game-changer

New Coalition Greenwich report highlights the urgent need for tech and automation in capital markets.

The T+1 implementation deadline in 2024 is fast approaching, sparking concerns about readiness amongst market participants.

The study involved over 60 C-suite and senior leaders, revealing complexities in process automation due to data volume.

Key insights:

CircleWavyCheck Deadline alert: May 28, 2024, has been set as the deadline for next-day trade settlements. A swift trade lifecycle is now more important than ever.
CircleWavyCheck Risk warning: Manual processes in up to 20% of reconciliations risk missed settlements and potential losses.
CircleWavyCheck Data surge: The rise in data volumes, coupled with new regulatory requirements, is driving firms towards technology for data cleaning, standardization, and automation.
CircleWavyCheck Tech urgency: Firms using in-house systems may face hurdles with tighter trade cycles. Embracing streamlined technology to meet T+1 requirements is crucial.

Download the report